1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,360 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,680 --> 00:00:18,119 Speaker 3: Take a look at some of the stocks on the 5 00:00:18,160 --> 00:00:20,840 Speaker 3: move today. I'm Paul swinging alongside Scarlett Foop and we're 6 00:00:20,920 --> 00:00:22,840 Speaker 3: joined by bloom Verus Christina. You know, Christine, what are 7 00:00:22,880 --> 00:00:23,560 Speaker 3: you looking at today? 8 00:00:23,640 --> 00:00:25,920 Speaker 1: Well, Paul, let's take a book at Tesla more closely, 9 00:00:26,000 --> 00:00:31,360 Speaker 1: shall we? So tickerr Tsla. Those shares actually pairing or reversing, 10 00:00:31,400 --> 00:00:33,720 Speaker 1: even some of those opening the clients of as much 11 00:00:33,720 --> 00:00:35,840 Speaker 1: as two and a half percent. They're now down two 12 00:00:35,840 --> 00:00:38,519 Speaker 1: tens of one percent at the moment. So they did 13 00:00:38,560 --> 00:00:42,839 Speaker 1: get good news right, third quarter deliveries exceeding estimates. The 14 00:00:42,840 --> 00:00:45,559 Speaker 1: theory is that that is the big rush before the 15 00:00:45,600 --> 00:00:49,760 Speaker 1: expiry of federal tax credit for electric vehicles worth seventy 16 00:00:49,760 --> 00:00:53,840 Speaker 1: five hundred dollars. So that's not nothing. And you know, 17 00:00:53,920 --> 00:00:55,800 Speaker 1: the the numbers that we got today, that is a 18 00:00:55,840 --> 00:00:59,600 Speaker 1: precursor to their full earnings report. We'll just do on 19 00:01:00,080 --> 00:01:04,039 Speaker 1: over twenty second. A lot of questions about just you know, 20 00:01:04,360 --> 00:01:08,080 Speaker 1: the overall sales and revenue picture for TESL level of intelligence, 21 00:01:08,080 --> 00:01:11,479 Speaker 1: weighing in saying that why the delivery beat was good news, 22 00:01:11,959 --> 00:01:15,920 Speaker 1: it was primarily sales from the US and internationally, and 23 00:01:16,360 --> 00:01:19,800 Speaker 1: the European market is still weak. Meanwhile, China sales is 24 00:01:19,800 --> 00:01:21,959 Speaker 1: still flat, so you know, it's a little bit of 25 00:01:21,959 --> 00:01:26,520 Speaker 1: a caution even though the delivery's headline number looks good. 26 00:01:26,560 --> 00:01:27,960 Speaker 2: All right, And of course we'll dig into that a 27 00:01:28,000 --> 00:01:30,120 Speaker 2: little bit further on, because there's a lot to discuss there. 28 00:01:30,120 --> 00:01:33,360 Speaker 3: But Christine, you're also looking at Fiico. Those are the 29 00:01:33,480 --> 00:01:36,720 Speaker 3: guys behind your credit score, and the stock is surging. 30 00:01:36,600 --> 00:01:40,679 Speaker 1: Absolutely scarlet, So Fiico, well, it's the full name is 31 00:01:40,680 --> 00:01:43,080 Speaker 1: fair I Sack Corp. Which I did not know because 32 00:01:43,080 --> 00:01:46,759 Speaker 1: I just know it is Fico. But yes, sales the 33 00:01:47,240 --> 00:01:51,360 Speaker 1: ticker ficeos a one point hits a circuit breaker, so 34 00:01:51,400 --> 00:01:54,640 Speaker 1: they're trading back again shares more than twenty four percent, 35 00:01:55,160 --> 00:01:57,320 Speaker 1: and that would be if that holds through the closes, 36 00:01:57,320 --> 00:01:59,960 Speaker 1: that would be the biggest gain since November twenty twenty. 37 00:02:00,320 --> 00:02:02,480 Speaker 1: And that is because they announced a new program that 38 00:02:02,640 --> 00:02:05,440 Speaker 1: will give more slenders the option to calculate and distribute 39 00:02:05,480 --> 00:02:11,160 Speaker 1: scores directly to customers. And fh FA director Bill Palty 40 00:02:11,240 --> 00:02:14,800 Speaker 1: weigh in on that result. They are saying that he 41 00:02:14,880 --> 00:02:19,120 Speaker 1: has had productive conversations with the FICO CEO, Will Lansing, 42 00:02:19,360 --> 00:02:22,919 Speaker 1: and that he welcomes the changes that they are implementing. 43 00:02:23,040 --> 00:02:26,399 Speaker 1: So analysts on Street of course commenting and saying that 44 00:02:26,480 --> 00:02:30,200 Speaker 1: this is very clearly bad news for third party providers 45 00:02:30,200 --> 00:02:33,880 Speaker 1: such as Ecofax and Transnion. Those shares are falling today. 46 00:02:33,680 --> 00:02:36,800 Speaker 3: Of course, interesting, interesting, all right, Occidental in the news 47 00:02:36,880 --> 00:02:39,959 Speaker 3: little m and a trade not so little for them, 48 00:02:39,960 --> 00:02:42,200 Speaker 3: but it was a nice deal. Nine point seven billion dollars. 49 00:02:42,240 --> 00:02:45,520 Speaker 1: Warm, but they absolutely so they're getting the well they 50 00:02:45,560 --> 00:02:48,680 Speaker 1: were getting the buffet effect earlier, but now the shares 51 00:02:49,200 --> 00:02:52,240 Speaker 1: took her ox Y those shares down now more than 52 00:02:52,280 --> 00:02:54,200 Speaker 1: three percent. So I think we're just seeing a little 53 00:02:54,200 --> 00:02:57,760 Speaker 1: bit of bid fact in or by the rumor seldom 54 00:02:57,800 --> 00:03:02,000 Speaker 1: news action today in those shares. But yeah, as you mentioned, Paul, 55 00:03:02,280 --> 00:03:05,240 Speaker 1: nine point seven billion dollars in a cash deal that 56 00:03:05,560 --> 00:03:09,679 Speaker 1: is pretty good for Oxycome and you know, Bloomery intelligents 57 00:03:09,720 --> 00:03:12,720 Speaker 1: saying that it's actually a good deal for both companies 58 00:03:12,800 --> 00:03:16,200 Speaker 1: involved here. So for Occidental, obviously it would give them 59 00:03:16,280 --> 00:03:19,040 Speaker 1: financial flexibility because they're six and a half billion dollars 60 00:03:19,080 --> 00:03:23,680 Speaker 1: earmarked for debt reduction. And meanwhile, for Berkshire, the valuation 61 00:03:24,240 --> 00:03:27,320 Speaker 1: does offer them future upside. It's also interesting that you know, 62 00:03:27,440 --> 00:03:30,760 Speaker 1: after stepping back from acquisitions, right, the last one I 63 00:03:30,760 --> 00:03:33,480 Speaker 1: think that Berkshire did was in twenty twenty two buying 64 00:03:33,560 --> 00:03:35,800 Speaker 1: up Alleghany for thirteen point seven billion. 65 00:03:36,080 --> 00:03:39,800 Speaker 2: Coming back to the Monday the Stock Movers Report from 66 00:03:39,880 --> 00:03:43,000 Speaker 2: Bloomberg Radio, check back with us throughout the day for 67 00:03:43,040 --> 00:03:46,160 Speaker 2: the latest roundup of companies making news on Wall Street 68 00:03:46,440 --> 00:03:49,960 Speaker 2: and for the latest market moving headlines. Listen to Bloomberg 69 00:03:50,040 --> 00:03:53,640 Speaker 2: Radio Live, catch us on YouTube, Bloomberg dot com, and 70 00:03:53,800 --> 00:03:57,440 Speaker 2: on Applecarplay and Android Auto with the Bloomberg Business app.